With today’s changing and growing regulatory landscape, it’s more important than ever for organizations to keep up with technology advancement. Otherwise, they are leaving themselves exposed to unnecessary risks through inefficient and outdated processes. Staying up-to-date with technological advancement is not just a best practice, it is required practice. It’s critical, therefore, for businesses to understand where their TPRM programs stand with respect to current technology. The goal of this 4 stage maturity model is to help procurement leaders assess their organization’s current technological capabilities and create a plan for digital transformation within the procurement function for the future.
